Market Overview:
The global ferrofluids market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ferrofluids in various applications such as industrial, medical, and audio devices. Ferrofluids are used in a wide range of applications owing to their unique magnetic properties. They are also non-toxic and have low volatility, which makes them suitable for use in various industries. The oil-based segment is expected to dominate the global ferrofluids market during the forecast period from 2018 to 2030. This can be attributed to its high thermal stability and low volatility.
Product Definition:
Ferrofluids are special fluids that become strongly magnetized in the presence of a magnetic field. They are used in a wide variety of applications, including loudspeakers, motors, and medical devices. Ferrofluids can be used to improve the performance or efficiency of these devices by reducing friction or turbulence.
Oil Based:
Oil-based paints are widely used in the construction industry owing to their high durability, low cost and performance. These products have a high proportion of oil (wax) as opposed to water (latex) which gives it an oily texture. The higher content of oil in these paints makes them thicker than water based counterparts.
Hydrocarbon Solvent Based:
Hydrocarbon solvent-based is a ferrous liquid used as a rust preventive and deoxidant in the manufacturing of steel. It helps to prevent corrosion by forming an external protective layer on the metal surface. Hydrocarbon solvents are non-toxic, colorless, odorless liquids that contain carbon chains and single or multiple hydrocarbons.
Application Insights:
The industrial segment accounted for the largest volume share of over 60.0% in 2017 and is anticipated to witness significant growth during the forecast period. The growing demand for ferrofluids from various industries including automotive, construction, electronics, and aerospace is projected to drive the market growth over the coming years.
Industrial applications include use in lubrication systems where oil-free bearings are required by law across a wide range of temperatures and operating conditions. These fluids reduce friction & wear between moving parts as well as eliminate heat generation within components resulting in increased productivity at lower costs which will further fuel product demand during future periods.
In addition, these products have numerous medical applications such as magnetic resonance imaging (MRI), nuclear medicine procedures like gamma camera imaging that requires a high degree of purity along with enhanced solubility & viscosity that meets regulatory standards set by U.
Regional Analysis:
Asia Pacific dominated the global ferro fluids market in 2016 and is expected to continue its dominance over the forecast period. The presence of key manufacturers such as Nippon Steel & Sumitomo Metal Corporation, India, China and Japan has resulted in high consumption of these products. In addition, growing industrialization coupled with increasing investments in infrastructure development is likely to drive demand for magnetic materials from various end-use industries thereby driving growth.
North America emerged as a significant consumer due to high consumption levels from the automotive industry along with other applications such as medical devices and industrial machinery. The region was followed by Europe which accounted for a volume share of 22% in 2016 owing to rising demand from several end-use sectors including electronics, automotive and appliances among others.
Growth Factors:
- Increasing demand from end-use industries such as automotive, aerospace, and defense
- Growing popularity of ferrofluids in the medical industry for diagnostic and therapeutic applications
- Rising research and development activities for novel applications of ferrofluids
- Technological advancements that have led to the development of more efficient and advanced ferrofluid products
- Growing awareness about the benefits of using ferrofluids in various industrial applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Ferro Fluids Market Research Report
By Type
Oil Based, Hydrocarbon Solvent Based, Water Based, Powder Based
By Application
Industrial, Medical, Audio Devices
By Companies
Ferrotec, Liquid Research, American Elements, Ioniqa Technologies, Reade International, Novus Biologicals, Sintef, M.F.Tech, Lord, Magron, Magnaflux, Ancera
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Ferro Fluids Market Report Segments:
The global Ferro Fluids market is segmented on the basis of:
Types
Oil Based, Hydrocarbon Solvent Based, Water Based, Powder Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Medical, Audio Devices
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ferrotec
- Liquid Research
- American Elements
- Ioniqa Technologies
- Reade International
- Novus Biologicals
- Sintef
- M.F.Tech
- Lord
- Magron
- Magnaflux
- Ancera
Highlights of The Ferro Fluids Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Oil Based
- Hydrocarbon Solvent Based
- Water Based
- Powder Based
- By Application:
- Industrial
- Medical
- Audio Devices
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ferro Fluids Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ferrofluids are a type of fluid that is made up of tiny pieces of iron. They have a variety of uses, including in technology and engineering. Ferrofluids can be used to create motion or control devices, and they can also be used in medical procedures.
Some of the major companies in the ferro fluids market are Ferrotec, Liquid Research, American Elements, Ioniqa Technologies, Reade International, Novus Biologicals, Sintef, M.F.Tech, Lord, Magron, Magnaflux, Ancera.
The ferro fluids market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ferro Fluids Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ferro Fluids Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ferro Fluids Market - Supply Chain
4.5. Global Ferro Fluids Market Forecast
4.5.1. Ferro Fluids Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ferro Fluids Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ferro Fluids Market Absolute $ Opportunity
5. Global Ferro Fluids Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ferro Fluids Market Size and Volume Forecast by Type
5.3.1. Oil Based
5.3.2. Hydrocarbon Solvent Based
5.3.3. Water Based
5.3.4. Powder Based
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ferro Fluids Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ferro Fluids Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Medical
6.3.3. Audio Devices
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ferro Fluids Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ferro Fluids Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ferro Fluids Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ferro Fluids Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ferro Fluids Demand Share Forecast, 2019-2026
9. North America Ferro Fluids Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ferro Fluids Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ferro Fluids Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Medical
9.4.3. Audio Devices
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ferro Fluids Market Size and Volume Forecast by Type
9.7.1. Oil Based
9.7.2. Hydrocarbon Solvent Based
9.7.3. Water Based
9.7.4. Powder Based
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ferro Fluids Demand Share Forecast, 2019-2026
10. Latin America Ferro Fluids Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ferro Fluids Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ferro Fluids Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Medical
10.4.3. Audio Devices
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ferro Fluids Market Size and Volume Forecast by Type
10.7.1. Oil Based
10.7.2. Hydrocarbon Solvent Based
10.7.3. Water Based
10.7.4. Powder Based
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ferro Fluids Demand Share Forecast, 2019-2026
11. Europe Ferro Fluids Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ferro Fluids Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ferro Fluids Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Medical
11.4.3. Audio Devices
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ferro Fluids Market Size and Volume Forecast by Type
11.7.1. Oil Based
11.7.2. Hydrocarbon Solvent Based
11.7.3. Water Based
11.7.4. Powder Based
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ferro Fluids Demand Share, 2019-2026
12. Asia Pacific Ferro Fluids Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ferro Fluids Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ferro Fluids Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Medical
12.4.3. Audio Devices
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ferro Fluids Market Size and Volume Forecast by Type
12.7.1. Oil Based
12.7.2. Hydrocarbon Solvent Based
12.7.3. Water Based
12.7.4. Powder Based
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ferro Fluids Demand Share, 2019-2026
13. Middle East & Africa Ferro Fluids Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ferro Fluids Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ferro Fluids Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Medical
13.4.3. Audio Devices
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ferro Fluids Market Size and Volume Forecast by Type
13.7.1. Oil Based
13.7.2. Hydrocarbon Solvent Based
13.7.3. Water Based
13.7.4. Powder Based
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ferro Fluids Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ferro Fluids Market: Market Share Analysis
14.2. Ferro Fluids Distributors and Customers
14.3. Ferro Fluids Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ferrotec
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Liquid Research
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. American Elements
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ioniqa Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Reade International
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Novus Biologicals
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sintef
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. M.F.Tech
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Lord
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Magron
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Magnaflux
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ancera
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
